State Program Performance Data

State Program Performance Data

Monthly State Program Performance Data & Trends

California

Key Program Metrics Snapshot
(as of May 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of May 31, 2021)

  4/30/21 5/31/21 Percent Change

4/30/21-5/31/21

Total Assets $66,177,283 $77,240,691 16.7%
Total Funded Accounts 138,590 148,365 7.1%
Total Withdrawals $5,846,082 $7,082,516 21.1%
Accounts with Withdrawals  

16,053

 

18,131

 

12.9%

Average Deferral Rate 5.11% 5.10%
Average Monthly Contribution Amount  

$136.38

 

$127.70

 

-6.4%

Average Funded Account Balance  

$477.50

 

$520.61

 

9.0%

Effective Opt Out Rates 29.19% 29.46%
Total Registered Employers  

10,243

 

11,074

 

8.1%

Total Added Employee Data  

6,747

 

7,251

 

7.5%

Total Submitting Payroll Deductions  

3,676

 

3,978

 

8.2%

Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

Key Program Metrics Snapshot
(as of May 31, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of May 31, 2021)

  4/30/21 5/31/21 Percent Change 4/30/21-5/31/21
Total Assets $60,475,467 $63,687,555 5.3%
Total Funded Accounts 87,070 89,038 2.3%
Total Withdrawals $8,851,454 $9,444,059 6.7%
Accounts with Withdrawals  

16,460

 

16,879

2.5%
Average Deferral Rate 5.04% 5.04%
Average Monthly Contribution Amount  

$106.23

 

$98.69

-7.1%
Average Funded Account Balance  

$694.56

 

$715.29

3.0%
Effective Opt Out Rates 34.55% 34.18%
Total Registered Employers  

6,056

 

6,059

0%
Total Added Employee Data  

4,021

 

4,027

0.1%
Total Submitting Payroll Deductions  

2,824

 

2,832

0.3%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

Key Program Metrics Snapshot
(as of April 30, 2021)

Program Performance Indicators, Monthly Percent Change 
(as of April 30, 2021)

  3/31/21 4/30/21 Percent Change  3/31/21-4/30/21
Total Assets $99,147,494 $107,217,323 8.1%
Total Funded Accounts 104,709 106,719 1.9%
Total Withdrawals $24,724,830 $25,955,863 5.0%
Accounts with Withdrawals 22,219 22,916 3.1%
Average Deferral Rate 5.60% 5.60%
Average Monthly Contribution Amount $139 $143 2.9%
Average Funded Account Balance $947 $1,005 6.1%
Effective Opt Out Rates 32.7% 32.6%
Total Registered Employers 16,856 16,940 .5%
Total Added Employee Data 14,487 14,606 .82%
Total Submitting Payroll Deductions 7,109 7,291 2.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)

Key Program Metrics Snapshot (CA, IL and OR)
(CA and IL as of May 31, 2021, OR as of April 30, 2021)

Program Performance Indicators
Monthly Percent Change
(CA and IL as of May 31, 2021, OR as of April 30, 2021)

4/30/21 5/31/21  Percent Change   4/30/21-5/31/21
Total Assets $233,870,073 $248,145,569 6.1%
Total Funded Accounts 332,379 344,122 3.5%
Total Registered Employers 33,156 34,073 2.8%
Total Added Employee Data 25,452 25,884 1.7%
Total Submitting Payroll Deductions 13,904 14,101 1.4%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

Quarterly State Program Performance Data & Trends

California

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change  9/30/20-12/31/20 3/31/21 Percent Change  12/31/20-3/31/21 Percent Change

6/30/20-

3/31/21

Total Assets $5,222,591 $11,026,726 111.1% $28,369,064 157.3% $54,756,571 93.0% 948.5%
Total Funded Accounts 15,120 27,544 82.2% 96,018 248.6% 128,818 34.2% 752.0%
Total Withdrawals $466,367 $955,143 104.8% $2,219,958 132.4% $4,920,092 121.6% 955.0%
Accounts with Withdrawals 1,234 2,656 115.2% 7,224 172.0% 14,190 96.4% 1050%
Average Deferral Rate 5.03% 5.03% 5.01% 5.11%
Average Monthly Contribution Amount $133.72 $126.48 -5.4% $113.91 -9.9% $135.17 18.7% 1.1%
Average Funded Account Balance $345.41 $400.33 15.9% $295.46 -26.2% $425.07 43.9% 23.1%
Effective Opt Out Rates 29.92% 34.54% 30.45% 29.25%
Total Registered Employers 1,885

 

3,500 85.7% 7,278 107.9% 9,957 36.8% 428.2%
Total Added Employee Data 1,224 2,074 69.4% 4,345 109.5% 6,349 46.1% 418.7%
Total Submitting Payroll Deductions 555 855 54.1% 2,203 157.7% 3,280 48.9% 491.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Illinois

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change  9/30/20-12/31/20 3/31/21 Percent Change  12/31/20-3/31/21 Percent Change

6/30/20-

3/31/21

Total Assets $26,469,940 $35,187,947 32.9% $46,989,252 33.5% $55,672,562 18.5% 110.3%
Total Funded Accounts 65,933 71,568 8.5% 79,837 11.6% 85,355 6.9% 29.5%
Total Withdrawals $3,233,201 $4,451,422 37.7% $6,185,084 38.9% $8,267,114 33.7% 155.7%
Accounts with Withdrawals 10,164 11,724 15.3% 13,630 16.3% 15,953 17.0% 57.0%
Average Deferral Rate 5.01% 5.02% 5.01% 5.03%
Average Monthly Contribution Amount $97.49 $96.39 -1.1% $96.60 0.2% $103.11 6.7% 5.8%
Average Funded Account Balance $401.47 $491.67 22.5% $588.56 19.7% $652.25 10.8% 62.5%
Effective Opt Out Rates 38.37% 37.12% 35.99% 35.08%
Total Registered Employers 5,540

 

5,843 5.5% 6,087 4.2% 6,100 .2% 10.1%
Total Added Employee Data 3,516 3,685 4.8% 3,959 7.4% 4,017 1.5% 14.2%
Total Submitting Payroll Deductions 2,460 2,527 2.7% 2,705 7.0% 2,806 3.7% 14.1%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Oregon

  6/30/20 9/30/20 Percent Change 6/30/20-9/30/20 12/31/20 Percent Change

9/30/20-12/31/20

3/31/21 Percent Change  12/31/20-3/31/21 Percent Change

6/30/20-

3/31/21

Total Assets $58,159,405 $69,167,837 18.9% $84,741,739 22.5% $99,147,494 17.0% 70.5%
Total Funded Accounts 70,054 74,333 6.1% 87,909 18.3% 104,709 19.1% 49.5%
Total Withdrawals $14,505,312 $17,193,138 18.5% $20,783,720 20.9% $24,724,830 19.0% 70.5%
Accounts with Withdrawals 16,083 17,724 10.2% 19,697 11.1% 22,219 12.8% 38.2%
Average Deferral Rate 5.38% 5.35% 5.30% 5.6%
Average Monthly Contribution Amount $137.97 $136.17 -1.3% $134 -1.6%

 

$139 3.7% .75%
Average Funded Account Balance $830.21 $930.51 12.1% $964 3.6% $947 -1.77% 14.1%
Effective Opt Out Rates 35.53% 33.63% 34.10% 32.6%
Total Registered Employers 14,067 14,235 1.2% 16,292 14.5% 16,940 4.0% 20.4%
Total Added Employee Data 11,244 11,584 3.0% 13,772 18.9% 14,606 6.1% 29.9%
Total Submitting Payroll Deductions 5,720 6,038 5.6% 6,531 8.2% 7,291 11.6% 27.5%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)

  6/30/20 9/30/20 Percent Change  6/30/20-9/30/20 12/31/20 Percent Change 9/30/20-12/31/20 3/31/21 Percent Change  12/31/20-3/31/21 Percent Change

6/30/20-

3/31/21

Total Assets $89,851,936 $115,382,510 28.4% $160,100,055 38.8% $209,576,628 30.9% 133.2%
Total Funded Accounts 151,107 173,445 14.8% 263,764 52.1% 318,882 20.1% 111.0%
Total Registered Employers 21,492 23,578 9.7% 29,657 25.8% 32,997 11.3% 53.5%
Total Added Employee Data 15,984 17,343 8.5% 22,076 27.3% 24,972 13.1% 56.2%
Total Submitting Payroll Deductions 8,735 9,420 7.8% 11,439 21.4% 13,377 16.9% 53.1%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Annual State Program Performance Data & Trends

Individual State Program Performance Data, December 2019-December 2020

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)